Business Plan Dti

Your Business Success is not Guaranteed

How many of you have been trading between 5 and 10 years?

Well your business is at a high level of risk – let me tell you why

Most business owners think that business failure only happens within the first 2-3 years of trading and if you survive past 3 years and start to become established your survival rate will increase. Statistics produced by the DTI show that over the past ten years on average 9.5% of businesses close in the first year and by year 3 that figure rises considerably to 30.7% of businesses closing.

So do the figures change after three years? Yes

Do businesses that last beyond 3 years increase their chances of survival? No

The same figures from the DTI show that within 5 years of start up 52.5% of businesses do not survive. By year ten of start up the figures get worse as a massive 68% of businesses end up closing.

New business start up is currently at a record high, with 125,000 new businesses starting in 2005, the highest since records began. If the statistics produced by the DTI continue their trend, by 2015 only 40,000 of those 125,000 will still be in operation.

So what can you do to make sure your business doesn’t become one of these DTI statistics?

Entrepreneur Magazine and Yahoo Business recently did some research into the number one reason why businesses fail. The result was a simple one – Businesses fail at the high rate they do because they fail to plan.

These businesses that fail do so because they only create a business plan at their inception to raise funds and investment, they then fail to incorporate strategies and plans for their marketing, staff development, sales, lead generation, cash flow, business development, and on the list goes.

At Your Business Growth Coach we don’t just show you how to create plans, we work with you to implement them and most importantly develop them to truly grow your business and achieve success. Visit our website and in particular our page on getting results www.yourbusinessgrowthcoach.com/getresults.htm

Now is the time to stop thinking your business is going to be ok because you have been trading for more than 3 years. Now is the time to start planning for business growth and business success.

About the Author

Your Business Growth Coach, is owned by Naithan Tarrant. Naithan has been involved in Business Marketing and growth, along with personal development and life coaching since 1994. He is an accredited Life Coach, an Executive & Corporate coach, plus an accredited Guerrilla Marketing Coach, along with a Master Practitioner of NLP, and a business owner. He is also a member of The Chartered Institute of Personnel & Development (CIPD) and Toastmasters International.

At the age of 19 Naithan outbid five of the world’s largest providers of food packaging lines to make him the first to sell such equipment into Russia. A few years later he started his own mortgage brokerage, built it into a national company and then sold it for six figures. In 2003 he chose to take time out from running his own businesses and joined the management team of a new company that turned it into the 22nd fastest growing company on the Virgin Fast Track 100 companies list within 2 years. Now as one of only 200 Guerrilla marketing coaches in the world, a Licensed Trainer for Europe’s #1 coaching school – The Coaching Academy, along with being personally mentored by the world’s number one business growth expert Jay Abraham, Naithan is able to combine commercial acumen with the very best in business coaching.

He also understands the difficulties and problems that can be faced when it comes to running your business effectively and increasing your profits. It is through this direct understanding that enables Naithan to effectively help both established businesses achieve more and new business start ups get established very quickly.

Dave and Terri Schiel Welcome to our free tour

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